Annual Report - Raiffeisen Bank Kosovo JSC

Raiffeisen Bank Kosovo 2009
Financial Statements
Separate statement of cash flow for the year ended 31 December 2009
(in thousands of Euro unless otherwise stated)
Cash flows from operating activities
Notes 2009 2008
Interest received on loans 55,950 54,958
Interest received on placements 1,156 5,063
Interest received on government bonds 3
Interest paid (17,019) (12,048)
Fees and commissions received 9,424 7,784
Fees and commissions paid (866) (797)
Payment made for interest rate SWAPs (6,424) -
Other income received 538 408
Staff costs paid (9,409) (9,647)
Other operating expenses paid (14,439) (11,366)
Income tax paid (4,383) (3,253)
Cash flow from operating activities before changes in operating assets and liabilities 14,531 31,102
Changes in operating assets and liabilities
Net increase in mandatory liquidity reserve (5,255) (6,430)
Net increase in due from other banks (65,820) (31,420)
Net decrease / (increase) in loans and advances to customers 49,214 (90,507)
Net decrease/(increase) in other assets 3,262 (3,797)
Net increase in customer accounts 53,033 99,377
Net (decrease) / increase in deposits from banks (1,590) 2,424
Net decrease in other liabilities (169) (2,069)
Net cash flow from operating activities 47,206 (1,320)
Cash flows from investing activities
Payments for leasehold improvements, equipment and intangible assets (4,826) (4,643)
Net increase in equity investments - (450)
Net increase in government bonds (33,269) -
Proceeds from disposal of leasehold improvements, equipment and intangible assets - 45
Net cash used in investing activities (38,095) (5,048)
Cash flows from financing activities
Borrowings 26,798 3,000
Repayment of borrowings (4,200) (3,013)
Net cash flow from financing activities 22,598 (13)
Effect of exchange rate changes 83 (49)
Net increase / (decrease) in cash and cash equivalents 31,792 (6,430)
Cash and cash equivalents at the beginning of year 6 22,162 28,592
Cash and cash equivalents at 31 December 6 53,954 22,162
Glosary Macroeconomic Environment Overview Segment Reports Financial Statements Addresses
www.raiffeisen-kosovo.com
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